The Zimele Income Drawdown Plan earns you a guaranteed monthly income in retirement, and leaves your loved ones an inheritance to secure their future later on.
The Income Drawdown Plan enables you to structure a monthly income from your pension benefits.
How Does It Work?
The plan invests your pension income in secure, stable financial assets like treasury bills and bonds, and pays you an income every month (or any other period you choose) from the investment returns only.
One of the key benefits of the Income Drawdown Plan is that your pension savings (the principal amount) remain intact for the entire duration of the contract. What is paid to you is the interest earned only. In simple terms, you will be eating the fruits, not the seeds. In the unfortunate event of death, the beneficiaries will get the full amount of accrued pension benefits.